AL RIYADA Loans

Clearly personalized for your needs. Doha Bank offers you a loan on short term basis against your fixed deposit with us at the lowest interest rate in Qatar! The features of the personal loan from Doha Bank include:

  • 1 Hour Loan processing for complete cases as per policy
  • Guaranteed minimum interest discount of 50 bps (Basic Points) from rack rate (QCB rate + 1.5%) for all Salary Loans
  • Grace period: 2 loan instalments
  • Repayment: 72 months for Qataris & 48 months for Expat customers
  • Minimum Loan Amounts applicable as per T&Cs.
  • Maximum Loan: QAR 2 Million for Qataris and QAR 400,000 for Expats

Following are the eligibility requirements and features of the Summer Ramadan loan instalment postponement promotions offer:

  • Personal loans & Home loans are eligible for the offer
  • Maximum 2 Postponements for current remaining tenor less than 120 months
  • One postponement for current remaining tenor less than 180 months.
  • Postponement offer is valid for 5 months starting May valid till September 2017
  • Each postponement will be charged QR50/-
  • There should be a gap of minimum one month between two postponement, postponement shouldn’t be on consecutive months
  • Age at loan maturity after the postponement should not be exceeded maximum age cap that is 65 Qatari & 60 for Expatriates

ELIGIBILITY:

All AL RIYADA customers who fulfil minimum salary transfer criteria are eligible.

DOCUMENTS REQUIRED:

You may apply for a personal loan by producing the following documents:

  • Valid ID and passport copy
  • Original Salary assignment letter on company letterhead stamped signed by employer
  • Other Banks statement if salaries transfer from other bank to DB
  • For Expatriates: 3 months statement if only one salary is credited to DB account
  • No Objection letter/clearance letter from the other bank
  • 6 months statement
  • Salary certificate

More Details about Personal Loan

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Doha Bank Housing Loans are offered to both Qatari Nationals and Expatriate Residents to buy a new house, to transfer a mortgage from another bank or even for equity release from property you already own.

Save Money with Your Doha Bank Housing Loan:

  • Special Rate of 0.5% less than the QCB rate for the first year
  • Free Mortgage Saver Account @ 1.25% p.a. interest rate up to QAR 2 million
  • 12-months grace period with your home loan
  • Cash back settlement fee of up to QAR 20,000, whenever you transfer your housing loan from any other bank to Doha Bank.
  • Priority approval for AL RIYADA customers
  • Free property fire insurance for the first year
  • Free management and mortgage fees
  • Free for life VISA Infinite credit card
  • Free 20,000 DOHA MILES with your VISA Infinite credit card
  • Diversified Investment Opportunities to invest in properties in world class city locations such as London, Edinburgh, Glasgow & Manchester.

Doha Bank Housing Loan Features:

  • Salaried or self- employed individual
  • Long repayment period up to 20 years
  • Borrow up to 70% of the property value (LTV)
  • Completed or under construction properties for Qataris
  • Freehold & Leasehold completed properties for Qatari & Expats
  • Wide network of approved developers
  • Priority Loan Approval and quick processing

ELIGIBILITY

All AL RIYADA customers who fulfil minimum salary transfer criteria are eligible.

More Details about Housing Loan

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Loan/Overdraft against deposit facility offers customers the convenience to borrow funds against their deposits. As a customer, you can avail a loan/overdraft against your deposits anytime within the maturity of the deposit. You can also enjoy interest earned on your deposits while having access to funds at all times.

You can apply for a Loan or an Overdraft with as low as QAR 25,000 and up to 90% of the deposit amount. This is available against your Fixed Deposit, Upfront Deposit, Smart Saver & Al Dana Savings account. Earn interest from your deposit while having access to funds at all times.

ELIGIBILITY:

BBoth Nationals and Expats can utilize this facility. To be eligible, applicants must be valid residents of Qatar, holding a deposit facility with Doha Bank and of ages 18 years and above.

DOCUMENTS REQUIRED:

You may apply for loan/overdraft facility, by bringing your original valid QID and passport at any Doha Bank Branch.

More Details about Loans and Overdrafts against Deposits

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Note:

Doha Bank’s retail, commercial and corporate products are granted at our sole discretion and are subject to the Bank’s terms, conditions and acceptance.